SIE Exam Practice Question 133

Question: 133

How are capital gains and losses inside an IRA reported on an individual's income taxes each year?

A. Neither gains nor losses within an IRA reported.

B. Gains are not reported, but losses are reported on a Form 1099B to be used as a deduction.

C. Both gains and losses are reported on Form 1099B.

D. Gains and losses in an IRA are both reported on Form 1099B, but they are not subject to taxation.